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How KLA-Tencor (KLAC) Stock Stands Out in a Strong Industry
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One stock that might be an intriguing choice for investors right now is KLA-Tencor Corporation (KLAC - Free Report) . This is because this security in the Semiconductor Equipment Manufacturing – Wafer Fabrication space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Semiconductor Equipment Manufacturing – Wafer Fabrication space as it currently has a Zacks Industry Rank of 11 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, KLA-Tencor is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from $1.26 per share to $1.41 per share, while current year estimates have risen from $5.04 per share to $5.18 per share. This has helped KLAC to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider KLA-Tencor. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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How KLA-Tencor (KLAC) Stock Stands Out in a Strong Industry
One stock that might be an intriguing choice for investors right now is KLA-Tencor Corporation (KLAC - Free Report) . This is because this security in the Semiconductor Equipment Manufacturing – Wafer Fabrication space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Semiconductor Equipment Manufacturing – Wafer Fabrication space as it currently has a Zacks Industry Rank of 11 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, KLA-Tencor is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
KLA-TENCOR CORP Price and Consensus
KLA-TENCOR CORP Price and Consensus | KLA-TENCOR CORP Quote
In fact, over the past month, current quarter estimates have risen from $1.26 per share to $1.41 per share, while current year estimates have risen from $5.04 per share to $5.18 per share. This has helped KLAC to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider KLA-Tencor. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>